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الاقتصادية
South Korea records $1.9B divorce settlement
It is expected that the legal case announced by a South Korean court will lead to significant changes in the ownership of Smile Gate, the developer of video games such as "CrossFire" and "Lost Ark." The court ordered the company's founder, billionaire Kwon Hyeok-bin, to grant his wife, Lee Hwa-jin, a 35% stake in the company, valued at over 7.1 trillion won (approximately $5.3 billion), in addition to paying her 65 billion won in cash. This makes it the largest divorce settlement in the country's history. These decisions will impact the ownership of South Korea's largest private company and come in the context of valuations that place significant importance on spousal contributions to founding companies and joint financial growth. If the ruling is finalized, it could lead to a restructuring of the company's ownership and assets, as Kwon's wealth was previously estimated at around $3 billion.
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